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InvestingRRSPTFSARetirement PlanningTax Planning

TFSA or RRSP? Take your pick 2021 Update

Whether you should invest in a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) is a question that affects almost every investor. For most, the answer is “a bit of both.”
If you have a looming short or medium-term need (under five years), the untaxed TFSA withdrawals are likely the right choice. For longer term retirement needs, you’ll want to invest in an RRSP.

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Segregated FundsLife StagesRetirement PlanningTax PlanningWealth Accumulation

What You Need to Know About Guaranteed Minimum Withdrawal Benefit Annuities

Guaranteed Withdrawal Benefits, or GMWB, are options in some segregated fund contracts that allow the policy holder to receive a guaranteed income for life. These types of contracts can be appealing for retirees looking for a guaranteed income stream and who are nervous about market fluctuations.

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Corporate InsuranceUniversal LifeWhole LifeEstate PlanningHealth InsuranceLife Insurance

What Does Having a Pre-Existing Condition Mean for Your Life Insurance?

It’s a common misconception that having a pre-existing condition means that you automatically do not qualify for life insurance. The good news is this is not always the case and armed with a good life insurance agent, many individuals with pre-existing conditions get approved for insurance. The path to being insured just may look a little different for someone with a medical condition.

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InvestingRRSPSegregated FundsTFSALifestyle TipsTax Planning

Essential Tax Numbers for 2019, 2020 and 2021

With a new year comes new tax numbers! Below is a quick reference of important tax numbers for three years, including 2021. CRA has utilized a 1% indexing (inflation) for those numbers subject to that condition.

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LifestyleLifestyle TipsLife Insurance

Working with Your Advisor in the Age of Covid-19

Covid-19 has stopped the world in its tracks. Many Canadians are feeling the stress of volatile markets, job insecurity, loss of income, and fear of contracting Covid-19. You may be feeling like you need the advice and support of your advisor now more than ever. The good news is your advisor is here to see you through these tough times; business might just look a little different!

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Universal LifeWhole LifeEstate PlanningLife InsuranceLife StagesTax PlanningWealth AccumulationWill Planning

The Value of Participating Life Insurance

Participating insurance can serve a variety of purposes for both individuals and businesses. For business owners, it may work well as a tax planning vehicle. For individuals, it may serves as a way to provide a modest inheritance to their loved ones after they are gone. Whatever the purpose of the policy, Participating insurance comes with a set of characteristics that offer great value to the policy owner.

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Disclaimer

This information is designed to educate and inform you of financial strategies and products currently available. As each individual’s circumstances differ, it is important to review the suitability of these concepts for your particular needs with a Qualified Financial Advisor.